Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of approx CC$8.01 for the period, compared to the consensus estimate of $8.05.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on CNI. Citigroup increased their price target on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a neutral rating in a research report on Wednesday, January 24th. CIBC cut shares of Canadian National Railway from a sector outperform rating to a neutral rating in a report on Wednesday, January 10th. Bank of America raised shares of Canadian National Railway from a neutral rating to a buy rating and raised their target price for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. Stephens raised their target price on shares of Canadian National Railway from $122.00 to $135.00 and gave the company an equal weight rating in a report on Thursday, January 4th. Finally, Benchmark reaffirmed a hold rating on shares of Canadian National Railway in a report on Wednesday, April 10th. Eighteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Canadian National Railway has an average rating of Hold and a consensus target price of $147.52.
Check Out Our Latest Research Report on Canadian National Railway
Canadian National Railway Stock Performance
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last released its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. On average, equities analysts expect that Canadian National Railway will post 5.94 EPS for the current year.
Canadian National Railway Company Profile
Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.
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